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Continued: Market for old suburban fire stations not so hot

  • Article by: SUSAN FEYDER , Star Tribune
  • Last update: August 11, 2013 - 12:31 AM

Quam uses the former chief’s office, and the dispatcher’s old office now houses engine-testing operations.

“With no place else to go, this turned out to be a good option,” Quam said.

Built in 1998, the fire administration building Eagan hopes to sell has a limestone facade and doesn’t look boxy like early suburban fire stations. Even so, a market analysis by commercial broker Cassidy Turley points out challenges, such as the building’s lack of a traditional office layout and its location in a residential area.

Mark Stevens, a Cassidy Turley associate vice president, said buyers could include business owners who live in the area and would like a small, free-standing building — something not easy to find.

Shakopee’s quest for buyers began last summer. It rejected a proposal from a local arts group and began negotiating with another group that wanted to put a microbrewery and taproom in the old station. That deal fell apart because the $100,000 offering price was too far below the city’s $399,900 asking price and $580,000 market appraisal.

This year the city reached a deal with Edina vintage car hobbyist Peter Lund for $320,000.

During the negotiations, Mayor Brad Tabke said he didn’t favor cutting the price for a buyer planning a use like vehicle storage, preferring something that would draw people to Shakopee’s downtown.

With the deal now done, Tabke says he’s satisfied because it brought in sales proceeds and puts the building on the tax rolls.

He said it also may reflect the challenge of trying to market this type of building. “It was a difficult property,” he said.

 

Susan Feyder • 952-746-3282







 

  • related content

  • Randy Quam has taken over this old Eagan fire station and has based has Competition Engines business there. Every morning he hoists the American flag in front of the old firehouse.

  • Randy Quam hoists the flag every morning over his engine business in an old Eagan fire station.

  • Quam relocated Competition Engines to the building last year.

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